|That is great news for Algae.TecGermany is the hotbed of not just algae but also carbon capture and storage in Europe.FWB is a great exchange to be listed in .REad morehttp://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=46725A5B-BC03-58B8-DE6A42DA960DA86E|
Algae.Tec soars 34.3% on high volume Posted by Shankar on Thu January 27 2011 11:09:11 AM 5
Rising for a second consecutive day, a two day rise of 67.9% January 27|
Remarkable. Especially considering that I thought that the issue wont be fully subscribed, given my understanding of the company's credentials at the time they went public.
I am pleasantly surprised.
PRICE VOLUME DYNAMICSVolatility: the stock traded between an intraday low of 38.0c and a high of 47.0c, suggesting a trading opportunity between peaks and troughs. Today its volatility of 23.7% was 10.7 times its average volatility of 2.2%. A price rise on high volatility is a bullish signal. Relativities: today its percentile rank in the Australian market of 1,367 stocks and 74 units traded today was 100. Volume: there were 415,015 shares worth $176,907 traded. The volume was 2.5 times average trading of 168,956 shares.
Based on 28,346,668 issued equity shares the market capitalisation is $13.3 million.
Algae Tech to get listed today Posted by Shankar on Thu January 13 2011 12:24:31 PM 33
I must eat my words.Algae Tec has raised $ 5.1 m and is getting listed today.|
Algae Tec, a company that uses algae to produce biofuels and store carbon dioxide will make its debut on the stock exchange today after raising $5.1 million from investors.
Algae.Tec, an Australian-US collaboration, has signed a memorandum of understanding with the ethanol producer Manildra for a demonstration algae production plant at Manildra's starch and ethanol facility at Nowra on the NSW south coast
Algae.Tec also has signed a memorandum of understanding with the Hong Kong company Pacific Minerals and the Australian company RKD International for the establishment of a Chinese joint venture. It is aimed at introducing Algae.Tec's technology to China.
Algae tec public issue - to revise document Posted by Shankar on Mon November 08 2010 05:04:16 AM
Australian Securities & Investments has asked Algae tec to revise its documents, after closer scrutiny of its documents.|
Supplementary prospectus documents were issued by about 50% of groups conducting initial public offerings in 2009-10. Closer scrutiny by the Australian Securities & Investments Commission was one reason. Many floating companies also had to add new information due to changed circumstances. Among those being requested by the watchdog to issue new documents were Algae.Tec and My ATM Holdings, both of which are yet to list.
Publication Date: 8 November 2010 AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
ALGAE.TEC LIMITED - ASX AEB
MY ATM HOLDINGS LIMITED - ASX MYA
LEGALFUND LIMITED - ASX LFL
LATIN RESOURCES LIMITED - ASX LRS
KIMBERLEY METALS LIMITED - ASX KBL
AUSTRALIA MINERALS AND MINING GROUP LIMITED - ASX AKA
GUILDFORD COAL LIMITED - ASX GUF
NOVARISE RENEWABLE RESOURCES INTERNATIONAL LIMITED - ASX NOE
CBIO LIMITED - ASX CBZ
AACL HOLDINGS LIMITED - ASX AAY
XIAOXIAO EDUCATION LIMITED - ASX XXL
ASX LIMITED - ASX ASX
Algae.Tec Off And Running Posted by Shankar on Fri August 27 2010 09:43:51 AM 10
Australian company Algae.Tec is in the process of an IPO.|
at A$7.5m, Algae.Tec's issue is hardly one that can be described as
exploitative or prematurely opportunistic, and the company's legally
protected intellectual property represents years of research by US-based
Algae.Tec already runs a small experimental plant, and is
simply looking for low-level funding to move to demonstration plant